CADJPY has been in the down trend in the last 3 years as Oil price plunge from $100+ to $40 -60 area. Nov and Dec 2016 Weak Yen brought this pair to all time high about 88 .
CADJPY weekly ( 4 Jan , 2017 )
This pair potentially rejected at the down trend line
CADJPY Daily ( 4 Jan , 2017 )
Looking for sign rejection at sell zone MM3 about 88
CADJPY H4 ( 4 Jan ,2017 )
The price went above weekly take profit zone WR2 and turning south. BEAR will look to sell after lower low and lower high formed to sell about 88 SL 89 TP 86.
WTI USD monthly ( 4 Jan 2017 )
OIl is near the Flip zone of May and June 2015 . where the Bear in control since then .
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About The Forex Analyst
Daniel is full time technical analyst for forex.today base in Singapore. He is specialize in Asian Mayor currency JPY , Aud and NZD.